Import prices in 2017: 3.8% on 2016

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MIL OSI – Source: Destatis Statistisches Bundesamt – In English –

Headline: Import prices in 2017: 3.8% on 2016

Moderate import price increase compared with December 2016
WIESBADEN – The index of import prices rose by 3.8% on an annual average in 2017 compared with 2016 (2016: –3.1% compared with 2015), as reported by the Federal Statistical Office (Destatis). This was the highest price increase since 2011 (+6.4% compared with 2010). In December 2017 the index of import prices increased by 1.1% compared with the corresponding month of the preceding year. This was the lowest price increase since November 2016 (+0.3% compared with November 2015). In November and in October 2017 the annual rates of change were +2.7% and +2.6%, respectively. From November to December 2017 the index rose by 0.3%.

In 2017 the index of import prices, excluding crude oil and mineral oil products, was on an annual average 2.7% above the level of a year earlier. In December 2017 it increased by 0.4% compared to December 2016 and in comparison with November 2017 it slightly rose by 0.1%.

The index of export prices increased by an average 1.8% in 2017 compared with 2016. This was the highest price increase since 2011 (+3.3% compared with 2010). In December 2017, it increased by 1.0% compared with the corresponding month of the preceding year. In November and in October 2017 the annual rates of change were +1.2% and +1.5%, respectively. From November to December 2017 the index rose by 0.1%.

More detailed data and long time series are available in tables Index of import prices (61411-0006) and Index of export prices (61421-0006) in the GENESIS-Online database.

For further information:Marion Knauer,tel: +49 (0) 611 / 75 23 02,contact form
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